Monetary Revolution: No Constraints

A Monetary Revolution began when Money ceased to be backed by Gold in 1971. Since then, central banks have taken over the management of the global ...

Those to Blame for the Grenfell Fire Victims Include Tony Blair

Those to Blame for the Grenfell Fire Victims Include Tony Blair By William K. Black June 26, 2017     Bloomington, MN There are many people culpab ...

Capitalism is national & transnational, but what about the money?

This is my short response, originally posted here, to William I. Robinson's post here and Fred Magdoff's note in the comment section of that post: ...

McMansions Are Back And They're More Hideous Than Ever

The McMansion rose to prominence in the early-to-mid-2000s and to this day is the epitome of the excesses created by the biggest mortgage bubble i ...

“Mortgage Demand Cools”: Fannie Mae

Home prices are “weighing on affordability and constraining sales.”

If We Don't Change the Way Money Is Created, Rising Inequality and Social Disorder Are Inevitable

Centrally issued money optimizes inequality, monopoly, cronyism, stagnation and systemic instability.Everyone who wants to reduce wealth and incom ...

Stocks and Precious Metals Charts - Fat Fingers

The 'fat finger' of fairly raw and obvious market manipulation hit gold in the early hours. No one dumps that many contracts against a much thi ...

Brazilian President Temer Officially Charged With Corruption

Just over a month after O Globo newspaper first brought the world's attention to the fact that Brazil's President Michel Temer was 'allegedly' inv ...

Dudley in a Good Place

  Crashing Unemployment Dear Mr. Dudley, Your recent remarks in the wake of last week’s FOMC statement were notably unhelpful. In particular, your ...

What Is the Fundamental Gold Price? Precious Metals Supply and Demand [extended version]

  Fundamental Drivers of Gold Prices [Ed. note by PT: we believe there is a lot less disagreement with Steve Saville’s approach than Keith assumes ...

GM Says “Market is Definitely Slowing” Lowers Outlook for Vehicle Sales

Reuters reports GM Lowers Outlook for U.S. 2017 New Vehicle Sales, but not by enough in my estimation.(more…)

The 2% Inflation Target

There's been a lot of talk recently about the 2% inflation target, and whether or not it would be a good idea to raise it, or change the nature of ...

Hedge Funds Abandon OPEC, Near 'Shortest' Since Oil Crisis Began

While the fundamental outlook for oil appears weak, with U.S. shale drillers continuing to add extra rigs (despite the downturn in prices), Reuter ...

Why the Fed Will Fail Once Again

This post Why the Fed Will Fail Once Again appeared first on Daily Reckoning. [Ed. Note: Jim Rickards’ latest New York Times bestseller, The Road ...

Airbnb Just Made Itself Even More Unpopular in Barcelona

Organized criminals from Russia are subletting apartments to tourists, as locals struggle with soaring rents.

Hindenburg Omen Reappears As Main Market Supports Get Kicked Away

In the last week, the controversial Hindenburg Omen has started to cluster ominously once again. Combined with divergent market internals and rat ...

Hotels: Hotel Occupancy down slightly Year-over-Year

From HotelNewsNow.com: STR: US hotel results for week ending 17 JuneThe U.S. hotel industry reported mostly positive year-over-year results in the ...

Bitcoin Bloodbath Leads Tech Stock Tumble; Gold Gouged As Credit Curve Crushed To New Lows

hmmm....   We started the day with a gold flash-crash...   Then Durable Goods data and The Chicago Fed's National Activity Index both tumbled an ...

Congress Explained

...goes round in circles but accomplishes nothing...   Source: Townhall.com

Amazon Unveils Patented “Behive” Drone Delivery System for Cities

Amazon fulfillment centers, typically single-story warehouses located in suburbs, do not meet its goal of low-cost deliveries to city dwellers. Am ...

NYU Law Professor Jennifer Arlen on Turning Corporate Criminals into Corporate Cops

NYU Law Professor Jennifer Arlen likes the idea of turning corporate criminals into corporate cops. Jennifer ArlenNYU School of Law And she’s writ ...

Seattle Min Wage Hikes Crushing The Poor: 6,700 Jobs Lost, Annual Wages Down $1,500 - UofW Study

Just last week we noted that McDonalds launched plans to replace 2,500 human cashiers with digital kiosks like the ones below (see: McDonalds Is R ...

Market Talk- June 26th, 2017

China’s core indices continue to make ground having made their mark on the world stage last week. Both Hang Seng and Shanghai closed almost 1% hi ...

Ed Altman Warns Credit Market Looks Like 2007 Again, "Could Come To An End Very Dramatically"

Legendary bankruptcy expert Dr. Edward Altman, the creator of the financial-distress sniffing Altman Z-Score, warned in mid-2007 of a “Great Credi ...

For Fun: Stock Market as Barometer of Policy Success

There are a number of observers who think the stock market is the key barometer of policy success.  My view is there are many measures of success  ...

The 3 Reasons Why Goldman Just Turned Bullish On Gold

Following this morning's flash crash in gold, in which a "fat finger" - usually a euphemism for any trade that can not be logically explained yet ...

Durable Goods: Another Bad Report, Diving Into Questionable Details

With the second quarter roughly half over (from a data delivery standpoint), we have had three reasonably good or better hard data points, and at ...

Blistering Demand For Short End As 2Y Auction Stops Through; Bid To Cover Jumps

With the Fed continuing to hike rates, it should come as no surprise that today's 2Y auction printed at a high yield of 1.348%, the highest stop o ...

US Destroyer Ignored Warnings Ahead Of Deadly Collision

The latest update on the mysterious circumstances surrounding a collision between a Philippines’ flagged container ship and a Navy destroyer that ...

Durable goods orders, Chicago Fed, Dallas Fed, commercial real estate

Worse than expected and prior month revised lower, but otherwise muddling through at modest rates of annual growth: Highlights Aircraft had been ...

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